[Federal Register Volume 73, Number 43 (Tuesday, March 4, 2008)]
[Notices]
[Pages 11697-11698]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 08-891]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control


Additional Designations of Entities Pursuant to Executive Order 
13448

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Notice.

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SUMMARY: The Treasury Department's Office of Foreign Assets Control 
(``OFAC'') is publishing the names of two newly-designated entities 
whose property and interests in property are blocked pursuant to 
Executive Order 13448 of October 18, 2007, ``Blocking Property and 
Prohibiting Certain Transactions Related to Burma.''

DATES: The designation by the Director of OFAC of two entities 
identified in this notice, pursuant to Executive Orders 13448, is 
effective February 25, 2008.

FOR FURTHER INFORMATION CONTACT: Assistant Director, Compliance 
Outreach & Implementation, Office of Foreign Assets Control, Department 
of the Treasury, 1500 Pennsylvania Avenue NW., (Treasury Annex), 
Washington, DC 20220, Tel.: 202/622-2490.

SUPPLEMENTARY INFORMATION:

Electronic and Facsimile Availability

    Information about these designations and additional information 
concerning OFAC are available from OFAC's Web site (http://www.treas.gov.ofac) or via facsimile through a 24-hour fax-on-demand 
service, Tel.: 202/622-0077.

Background

    On October 18, 2007, the President signed Executive Order 13448 
(the ``Order'') pursuant to, inter alia, the International Emergency 
Economic Powers Act (50 U.S.C. 1701 et seq.). In the Order, the 
President took additional steps with respect to, and expanded, the 
national emergency declared in Executive Order 13047 of May 20, 1997, 
to address the Government of Burma's continued repression of the 
democratic opposition. The President identified twelve individuals and 
entities as subject to the economic sanctions in the Annex to the 
Order.
    Section 1 of the Order blocks, with certain exceptions, all 
property and

[[Page 11698]]

interests in property that are in, or hereafter come within, the United 
States, or with the possession or control of United States persons, of 
the persons listed in the Annex, as well as those persons determined by 
the Secretary of the Treasury, after consultation with the Secretary of 
State, to satisfy any of the criteria set forth in subparagraphs 
(b)(i)-(b)(vi) of section 1. On February 25, 2008, the Director of OFAC 
exercised the Secretary of the Treasury's authority to designate, 
pursuant to one or more of the criteria set forth in section 1, 
subparagraphs (b)(i)-(b)(vi) of the Order, the following two entities, 
whose names have been added to the list of Specially Designated 
Nationals and whose property and interests in property are blocked 
pursuant to Executive Order 13448:
    1. AUREUM PALACE HOTELS AND RESORTS (a.k.a. AUREUEM PALACE HOTEL 
AND RESPORT (BAGAN); a.k.a. AUREUEM PALACE HOTEL AND RESORT (NGAPALI); 
a.k.a. AUREUM PALACE HOTEL AND RESORT (NGWE SAUNG); a.k.a. AUREUM 
PALACE HOTEL AND RESORT GROUP CO. LTD.; a.k.a. AUREUM PALACE HOTEL 
RESORT; a.k.a. AUREUM PALACE RESORTS; a.k.a. AUREUM PALACE RESORTS AND 
SPA), No. 41 Shwe Taung Gyar Street, Bahan Township, Yangon, Burma; 
Thandwe, Rakhine, Burma [BURMA]
    2. MYANMAR TREASURE RESORTS (a.k.a. MYANMAR TREASURE BEACH RESORT; 
a.k.a. MYANMAR TREASURE BEACH RESORTS; a.k.a. MYANMAR TREASURE RESORT 
(BAGAN); a.k.a., MYANMAR TREASURE RESORT (PATHEIN); a.k.a. ``MYANMAR 
TREASURE RESORT II''), No. 41 Shwe Taung Gyar Street, Bahan Township, 
Yangon, Burma; No 56 Shwe Taung Gyar Road, Golden Valley, Bahan 
Township, Yangon, Burma [BURMA]

    Dated: February 25, 2008.
Adam J. Szubin,
Director, Office of Foreign Assets Control.
[FR Doc. 08-891 Filed 3-3-08; 8:45 am]
BILLING CODE 4811-42-M